tv [untitled] September 5, 2011 5:01pm-5:31pm EDT
the situation on the ground through reforms and his efforts deserve some credit but the u.s. and its western european allies are pushing for action against president assad's regime which they've already sanctioned french political analyst p.r. guy believes there's an underlying motive in calls for protecting syrian civilians . sanctions in general do not work because countries always find ways to go around that sanctions and so our sanctions would start only look good we go on with production of oil although they would be banning of importation so it's not quite logical and most probably syria would find different outlets for for its oil in every single one of these situations because every time the west or other countries talk about a humanitarian intervention the question that needs to be asked is why there is the intervention in some countries but not in others for example in bahrain the people wanted to get rid of their regime but since it was so close to the u.s.
there is no question of a humanitarian intervention and there is no question of them financially saudi arabia no question of intervention to help the palestinians so the humanitarian question cannot be divorced from political and economic questions you have to find the political and economic and military interests before you start believing in it should manage your own reasons because most in all so-called interventions humanitarian interventions you there's another reason which is far more important. while syria struggle drags on let's see how it's impacting on the people of the stricken country parties i mean it goes there and has been meeting those at the sharp end of the sanctions. the dealer is a master barber those small his shop was floor until it all ended in the snip. customers would compromise forest twenty kilometers away from damascus but now the flow has come down a lot first came the unrest then the crackdown then the west's quickly stepped in
with sanctions to survive the economic pressure on the cheap the political how about trying to help the people of syria to achieve their legitimate aspirations at first all major credit card transactions were stopped earlier this month but that mainly affected foreign tourists because syria runs its own payment system and those with syrian accounts didn't feel the pinch however the e.u. and the u.s. are tightening their grip by imposing oil embargo on damascus so will that have any probable effect on the people here. about. or sanctions will have a negative effect on syrian economy it's a diversified economy with a stable debt which gives it a certain immunity against these sanctions. and this is not just government gloss in the face of imposed adversity syrian opposition figures are also unconvinced but for a different reason. the syrian government have chosen their path and no matter what
measures are taken against them will continue down that road sanctions are sold as a precise weapon to hit the regime where it hurts but syria now the list say there are too blunt a tool and it's the people who will suffer the most when you are talking about. what we call it it would be my life as a serious citizen. but while the power dealers of the west in syria trade insults and blows for syrian workers like nigeria the daily battle is to keep his modest livelihood together while hoping for the best even goes r t damascus syria. over in libya the old regime may have been toppled put the fighting showing no sign of letting up and the rebels say they've done enough talking with r.t. for the latest from the front line in the hunt for colonel gadhafi loyalists remain determined to the end. europe's financial bosses plan on tightening their grip on
the rest of the eurozone and give brussels a bigger role. a story still to come this hour but first israel is to allow security forces to shoot palestinian protesters who are preparing to march in support of their bid for statehood at the u.n. later this month tel aviv claims it's trying to prevent bloodshed by settlers in the west bank for self-defense or. across developments. in some quarters there is talk of a intifada that some will say will be as bloody and as violent as the first two sicknesses of whom there are some four hundred thousand living in the land that has some two and a half million palestinians in the west bank operation themselves for violence as is the israeli army and the israeli police not for several months the israeli army has been preparing in an operation it calls operation some issy's and it's now in the final stages of putting the finishing touches in place to this and we're being
told that they have to take to a line around every six women in the west bank and what this means is that palestinians who approach that beyond that red line will be a shock test by soldiers who will have a mission to do this now there also has to be intensive training in terms of security groups within these statements they have been participating in that on these these i'm designing states being provided with stun grenades with water cannons as well as with tear gas canisters on saturday we saw the largest protest in this country's history way some one hundred thousand demonstrators took to the streets of ten cities here in tel aviv was one of the focal points a number of speakers a number of artists address the crowd they spoke about making history they said really that this was a turning point in the history of this country what protesters have been demanding for the better part of two months is the social issue justice and really what they're saying is they're going to turn now to government need to be focused on issues of security and focus on internal problems problems such as the high cost of
living in this country and this is a criticism that netanyahu is facing the criticism that he is spending too much time on issues on the international agenda rather than addressing real domestic concerns share at home talking to protesters they accuse netanyahu of being past the of been responsible and of being out of touch with what people in israel are concerned about. reporting that the head of nato says the alliance is military intervention in libya will not end with the capture of colonel gadhafi on the front line rebel forces are waiting for the green light to crush one of the last remaining pockets of resistance by gadhafi supporters rebel negotiators say ceasefire talks in the town of bani walid have broken down but the country's interim government is certain is still hope for a peaceful solution and national transitional council says two of the kernel sons who have been blocking the surrender of bani walid have now left the area unclear number of gadhafi loyalists holed up in the one hundred fifty kilometers from
tripoli that earlier been given until saturday to lay down more loyalists are making a stand and get off his hometown of sirte and several other areas because of his reports it's the battle for bani walid that could prove decisive. they've been preparing for this operation for quite a long time with nature helping them clean path towards. military facilities in the area by the way lead has always been known as the stronghold and people from this area have since the beginning of this conflict here in libya been fighting against rebels all across the country and have been dying for. all the time in supporting gadhafi who has provided them with very good and the best weaponry so that's clear that it will not be easy for the rebels to take control over these areas while they need it's actually dark the host has been unknown and while the hunt for him
not surprisingly remains the country's number one priority is thought to be right now with his sons in this area and this is. one more reason to take control of area as the national transitional council has repeatedly been claiming recently that is now secure and is now safe and that they're working. to try to restore order in the country on the territory now controlled technically by the national transitional council but we see on the ground actually make. out that they are successful so far apart from the humanitarian challenges that the country extreme currently facing such as severe shortages shortages of water food medicine and. politically situation this very unstable the city is full of people with unclear gender many of them very young with little knowledge of how to use
weapons and it's quite unclear who is controlling them. while the situation in libya remains tense russia is building up its relations with the country's new government after recently recognizing the rebels as the legitimate authority in libya moscow's no invited officials for economic talks which are expected to take place this week and we'll keep you posted on what happens that. british prime minister david cameron has called for an inquiry into claims that u.k. intelligence agents extradited terrorist suspects to libya allegations surfaced after human rights groups in tripoli found documents outlining m i six and cia rendition programs but former british intelligence officer and emotion told me earlier that she expects the investigation will be brushed under the carpet. when david cameron calls for an inquiry into these allegations he's been credibly disingenuous under the u.k. law the inquiries act two thousand and five any inquiry that is established
including this in this torture inquiry headed up by subpoena gibson is circumscribed by the very organizations that are being investigated in this case m i five and m i six so it's going to be toothless plus of course the other consideration with this is that subpoena gibson himself is heading up this inquiry it was actually intelligence services commissioner for five years prior to taking on this role so he's been cozying up to the intelligence services in the u.k. for five years i doubt if he's going to unearth anything deliberately perhaps he would probably want to shine a bright light in the dark corner should we say he'll be friends to the intelligence agencies they will have lost all credibility they have double deals in libya for decades now and really their chickens are coming home to roost and i can't see how any government that comes into power in libya will trust whatever m i six or the british government now says. ukraine says it's now willing to negotiate gas prices with russia after the kremlin said it would rigorously defend the already agreed deal and international foreign minister.
pushed for a new discount because of struggle. over the last seventy two hours that clearly seemed the temperature in this new gas crisis has reached critical level especially with somewhat sensational and very loud statements made by president bush president of ukraine he plans to sue russia in the international court to have the two thousand and nine gas contracts revised the also was a very stern reply coming from the kremlin the presidential press office said that should ukraine decide to take this case into international court in stockholm then russia would be ready to stand its ground and depth of the law the international law was all its own russia side believing that russia would achieve victory should this law suit a cure now the situation has changed dramatically over the past twenty four hours with the ukrainian prime minister to go as out of saying that until the new price
is agreed until the new contract is signed the ukraine will be sticking to the current contract and will be fulfilling all of legations. paying up to four hundred u.s. dollars for one thousand cubic meters of russian gas which is the market price and this is the price which ukraine has been pretty much on the happy with russia is not strongly dependent on the ukrainian gas transportation system as it was back in two thousand and nine now we know according to russia's prime minister vladimir putin that the north stream pipeline will be launched pretty much soon in fact it's a test run will be started to morrow on tuesday and winter stand in the months in a month's time the european consumers germany in particular will be receiving the gas through the north. something which was not existing in two thousand. also wonder stand that the south stream pipeline is also going to going to be completed in the needed new risk you chair so this means that the european consumers have
nothing to worry about according to all the officials in moscow in gas from in the russian energy ministry and in the kremlin and we will not see another gas war which would affect the european continent this time around. their patience is rapidly running out at the european central bank with greece being ordered to sharpen its cutting back as agreed in it's playing out the eurozone during debt is widening and the chief wants to give brussels a bigger role in how countries manage their own affairs daniel bushell is that greece could fail to get its second bailout to carry out the terms of its first one that's according to the european central bank trish a he said it's absolutely imperative to tighten monitoring of countries in the eurozone calling for a single european government to impose economic decisions on countries according to aaa more governance within the eurozone is absolutely essential i mean if you talk to you call them it's here in brussels they're not sure the single single
government. bureaucrats making decisions for national economies is the right way to go ahead or even that it will save the euro anyway with growing numbers of people here fearing the single currency maybe a sinking ship talks between i.m.f. and the greek officials are falling apart the e.u. says greece has failed to cut its deficit you also have countries like finland who are resisting any more bailouts until they really understand what's going to going on in these troubled countries not just greece but obviously also portugal spain the use given greece a few more weeks to go with through to plan the check on the situation in that country again of course that's raising even more doubts about greece's ability to avoid quitting the euro so it's understandable why investors may be panicking here in europe at the moment. daniel bushell reporting there in financial writer peter bill he told me earlier that he believes that the euro zone system is so flawed that even a common economic government won't save the single currency it may indeed be
getting if not too late and certainly very late in the day in order to institute financial government for europe the system could collapse before it is politically possible to put these sorts of measures in place but at the same time although parliaments if you like don't want europe to collapse there is a growing feeling both within parliaments and also amongst the people who elect parliaments and that's certainly true of germany the most pros european all three of all of the countries but there is a certain impatience away in up is it really worth giving up a sovereignty and b. possibly a lot of money in order to save a system that was falsely designed right from the beginning it is certainly a question that parliaments are going to be putting to each other over the next coming months. scuffles are broken up both inside and outside
a court in cairo where former president hosni mubarak's trial has resumed the hearing was disrupted when lawyers for both the prosecution and the defense had to be separated by police outside hundreds of demonstrators including relatives of those killed during the federal uprising attempted to break through the main gate and gain access to the court for senior police officers are due to testify against mubarak at monday's hearing which will be behind closed doors the eighty three year old is charged with corruption and ordering the killing of eight hundred fifty protesters egypt's revolution total public protests have been continuing elsewhere in egypt with millions of people still unhappy at the slow pace of reforms from the country. and some of the world's other main news right now stories that are making headlines in our world update iran has proposed allowing full supervision of its nuclear program by the un's nuclear agency but the concession will only come if sanctions are lifted earlier the u.n. nuclear watchdog the i.a.e.a. accused the islamic republic of failing to incorporate with inspectors to iran is
the subject of four sets of sanctions over its refusal to suspend enrichment amid fears it seeks to build a nuclear bomb the country insists its nuclear program is peaceful. a yemeni warplane has reportedly bombed a mosque in the south of the country that was thought to be occupied by islamic militants killing at least thirteen foreigners the deaths of seventeen extremists in airstrikes in the region on sunday now al qaeda linked insurgents took over the city of just in april and that ongoing antigovernment demonstrations and political crisis in the country. the corruption trial of former french president jacques chirac has resumed but the judge says the frail statesman won't have to return the seventy eight year old is charged with investment while mayor of paris and paying party members for non-existent jobs. he's suffering memory lapses because of his failing health he's the first french president to face trial since the second world war. and could get ten years and then one hundred fifty thousand euro fine if
convicted. she then has burned its main opposition party the former rebel movement which is now the ruling party in the newly independent south sudan police arrested members and seize property claiming the s.p.l. party is a legal case of civil war saw the country split in two in july but tensions remain in disputed territory where as p. and a militia continued deadly skirmishes with sudanese troops. that brings up to date for the moment it was a news bulletin for you this. hour for decades america and europe lead the pack in the global economy but their positions are floundering dragging much of the world with them but not everywhere as a latino hears from india and that interview for his coming up very shortly stay with us in.
the ass and p. downgrade of the united states economy has raised many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty fifteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this. it's oxford educated
economist and the youngest me an advert to had a world bank department he's now the chairman of india's planning commission mr monti exciting ahluwalia i want to thank you so much for joining me so first of all i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted slightly moderate growth prospects for the carbon in the us and maybe in europe but i don't see this as going back to two thousand and eight and so where do we go from here who is going to. fix what's going on in the world right now the world needs to. get together to work out what's the transition what's a reasonable transition in a world in which there would be more than one currency and where the traditional reserve currency. at the moment in a country which doesn't have a very well balanced microeconomics attrition and is there
a strength in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit foster good and the us has traditionally been viewed as a very dynamic economy is like to the group in europe but the group through it in these economies will be much less than the growth rate in emerging market countries i mean trying to brazil so i think over time there is a shift in economic politicking plays one is to show. another way of looking at it is really the rising rate of emerging markets. but i think you're thinking of
a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been fed that europe has dominated the air national monetary fine and your opinion is that part of the problem or the thought i do think that the dominance of the industrialized countries of these two institutions has to change remember that as long as europe and the united states are together they account for almost half the votes in the armor from the world bank so even if you made a voting system they would be able to get their candidates in providing they collaborate with each other but you don't want to system where it's assumed that one organization will be run by one country and the other will always have
a european and do you personally think that the euro is going to survive the creation of a single currency for europe was a pretty major and a bold step i think is generally recognize that if you want to have a single currency it needs to be backed by a single fiscal authority now since euro zone is different countries they obviously don't have a single for school of politics but to back a single currency they must have a very shared understanding of who's going to pay the bills the problem arises that will become a substitute for the single apology i don't think that's been sufficiently clear i think in the first flush of. good feeling about the euro there was an assumption that a lot of benefits that come to european countries from having the same currency but not enough appreciation that there are costs. and obviously you know there is
a reshaping of the world economy actually if that's happening that's probably going to also cause fundamental political shift as well what do you expect to be from our point of view the rise of a number of emerging market countries will create a much more balanced sense of the world economy amongst countries that were earlier seen to be dominant it might create a greater awareness that you know they can't unilaterally decide the future of the world and certainly countries that have felt that they were not part of the political decision making now feeling part of the political decision making i mean that's good democratize asian of the globe which should have positive effects because it will make these countries behave in a more responsible manner and the last question i want to ask is you know a lot of people are saying that investors are going to perhaps invest more in these emerging markets if they start to look away from u.s. treasury bonds i mean what's the planning commission it's short term predictions
for india in relation to everything that's going on right now the big message coming out of how the global economy is moving is that the industrialized countries are going to grow more grew more slowly whereas the emerging market countries are going to grow faster india's been growing for the last five years that about eight point two percent anybody who's investing and looking around the world if they find one market is growing a little somewhere between eight and a half or nine percent another market is going to grow two and a half percent i mean they would be very well advised to invest in the markets that are growing so we expect on a medium term basis that there would be it already is and will remain a preferred destination for foreign investment people look at the global portfolio traditionally they've invested too much money in the industrialized world not having anticipated what the consequences of globalization are going to be so over
time i think they should be rebalancing a little more towards the emerging markets and within that i think india would be a very good bet. well it'll certainly be interesting to see how he has affected by all of this i want to thank you so much for taking the time to talk to me thank you . so much was that so much experience on the economy was it in a real. sense the rates during the great financial contraction millions watched their jobs and all but the rich of only gotten richer should the rich paid. the least. the losers. it's
top stories now the syrian forces launched the biggest sweep against protesters in the northwest with reports of several killed meanwhile russia the un to get the warring sides into talks to avoid a repeat of libya's. special forces to shoot a palestinian protesters as they prepare for the u.n. bid for independence. on jewish settlers in the west bank but the sole purpose is to prevent bloodshed. again. taking russia to court to force prices down. its ground on the already signed deal and consistent across reduction but it's so far refusing to make any concessions. that's it for me today. continues in the meantime cross-talk. digging into the money mountains of the wealthy here to debate next.